The government cannot by fiat decide to appropriate profitable private companies and wind them down without paying compensation. That goes against many established principles of private ownership rights.
That's effectively what's happened since the conservatorship terms were amended and there are several lawsuits seeking to overturn the illegal amendments.
The US government will be repaid in full for the draw it extended to both companies, just as it was for AIG.
Guess I missed that memo, WH press release, speech, or off hand remark. Not true at all dude. If he could- I believe he would set them up backup tomorrow. They are part of his base: hard stop.
And obama's a scandal ridden f'n dumbass and doesnt need to speak on fnma because he obviously doesnt understand the complexity of it. FNMA is vital in the American housing and banking system. The only way to keep the status quo (30 yr mortgage) is the release from c-ship and have common shares so its not a 100% nationalized program. Henry Paulson really dicked us all.
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